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(Aircraft Lease MSN 42000181)



(c) \_Other Indebtedness Defaults.\_ With respect to any Lessee
Party and any of its affiliates, any default or event of default (however
defined) shall have occurred under any other loan or lease from, or guaranty
or other financing obligation in excess of $50,000 to, any Person not
affiliated with Lessor, and in such case the applicable grace period for
curing such default or event of default shall have expired; or